FTSE 100 movers: BP shines as oil prices rise; IHG in the red
Sharecast
Published May 05, 2023 16:29
FTSE 100 movers: BP shines as oil prices rise; IHG in the red
Sharecast - Oil giant BP (LON:BP) was the standout gainer on the index as oil prices rose.
Banks were also on the front foot, with NatWest (LON:NWG), HSBC and Barclays (LON:BARC) all higher. HSBC was in focus after its shareholders rejected a proposal to split the business and spin off the Asian arm.
The proposal, which was backed by the bank’s largest shareholder - Chinese insurer Ping An Asset Management - was voted down earlier at the annual meeting in Birgmingham.
Resolutions 17 and 18 on the agenda were tabled by a group of investors led by Ken Lui, and called for a strategic review of the bank, which included the spinoff and a proposal for fixed dividends.
On the downside, InterContinental Hotels slumped after it announced the departure of chief executive Keith Barr and said it had seen a "good start" to the year. Barr will be replaced by Elie Maalouf, who has led IHG’s Americas business as regional chief executive for the last eight years.
FTSE 100 - Risers
- BP 491.45p +3.14%
- NATWEST GROUP) 259.90p +2.97%
- HSBC Holdings (LON:HSBA) 597.60p +2.33%
- Prudential (LON:PRU) 1,185.50p +2.29%
- Barclays 151.62p +2.28%
- Anglo American (LON:AAL) 2,428.00p +2.15%
- Glencore (LON:GLEN) 442.65p +1.99%
- St James's Place 1,128.00p +1.81%
- Entain (LON:ENT) 1,496.50p +1.80%
- Ocado Group (LON:OCDO) 490.80p +1.78%
FTSE 100 - Fallers
- InterContinental Hotels Group (IHG (LON:IHG)) 5,424.00p -1.70%
- BAE Systems (LON:BAES) (BA.) 978.80p -1.45%
- Hargreaves Lansdown (LON:HRGV) (HL.) 790.40p -1.25%
- Compass Group (LON:CPG) 2,079.00p -1.00%
- Endeavour Mining (EDV (LON:EDV)) 2,084.00p -0.95%
- Reckitt Benckiser Group (RKT) 6,420.00p -0.93%
- GSK (LON:GSK) (GSK) 1,452.80p -0.91%
- Relx plc (REL) 2,429.00p -0.86%
- Smith & Nephew (SN.) 1,264.50p -0.78%
- Smiths Group (LON:SMIN) 1,656.00p -0.60%
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